Senator Lummis: CLARITY Act Includes a Law Enforcement Intelligence-Sharing Pilot

November 1: U.S. Senator Cynthia Lummis posted that $6.3 billion in crypto assets were stolen this week, with the thieves moving the funds cross-chain within minutes. Lummis said the CLARITY Act establishes a pilot program that lets crypto companies share intelligence directly with federal law enforcement agencies. She believes that coordinated action by the industry and law enforcement can stop stolen funds from being moved further.